Redemption fee

Definition:

A fee some mutual funds charge when an investor sells shares within a specified short period of time.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Default

The failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. A breach of a covenant. In context of project financing... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio